Associate Asset Manager - Midland

PNC•Midland, AR

2d•Onsite

About The Position

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success. As an Associate Asset Manager - Collateral Surveillance within PNC's Midland organization, you will be based within the PNC Midland footprint. Oversees limited portfolios and/or routine Borrower requests and inquiries for securitized CMBS, Agency, SASB, SFR or other portfolios comprised of loans secured by income producing commercial real estate. May possess a working knowledge of commercial real estate, industry terminology and real estate capital markets. Responsible for monitoring and reporting on watch list assets. Reviews financial statements, loan covenants, market, and economic data to determine the economic and/or compliance impact. Assess property inspections for watch lists determinations and further escalation to internal partners. Reviews and responds to external party inquiries related to the assigned portfolios while adhering to established compliance procedures. May interact with external parties which include internal and external legal counsel, rating agencies, special servicers, and investors. Collaborates effectively with internal business partners to aid with cross-departmental decision making. PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

Requirements

Roles at this level typically require a university / college degree with < 1 year of professional experience and/or successful completion of a formal development program.
In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
Working knowledge of commercial real estate, including industry terminology and capital markets.
Proven ability to make accurate and informed decisions.
Strong financial accounting and analysis skills.
Strong verbal and written communication abilities.
Effective multitasking skills with the capability to manage multiple tasks and priorities simultaneously and meet deadlines.
Team-oriented mindset with the ability to collaborate effectively.
Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

Nice To Haves

Asset Management
Decision Making
Financial Accounting
Financial Management
General Ledger (GL)
Investment Management
Revenue Recognition
Accuracy and Attention to Detail
Data Gathering and Reporting
Decision Making and Critical Thinking
Effective Communications
Financial Statement Analysis
Flexibility and Adaptability
Investment Reporting
Market Risk
Regulatory Environment - Financial Services

Responsibilities

Reviews financial statements, loan covenants, market, and economic data for CMBS, SFR, Agency, SASB or other securitized commercial real estate to determine the economic and/or compliance impact.
Determines an equity risk category and oversees assigned portfolios.
Reviews and processes customer inquiries while adhering to established compliance procedures.
Monitors and reports on watch list assets.
Interacts with external parties, may include rating agencies, special servicers, investors, 17G-5 providers. May include financial/operating results, ratings or other.
Interacts with internal parties.
Assess property inspections for watch lists determinations and further escalation to internal partners.
Boarding of collateral related information and reporting to other required parties.
Potentially provides analytical or other support to the Asset Management Department.

Benefits

medical/prescription drug coverage (with a Health Savings Account feature)
dental and vision options
employee and spouse/child life insurance
short and long-term disability protection
401(k) with PNC match
pension and stock purchase plans
dependent care reimbursement account
back-up child/elder care
adoption, surrogacy, and doula reimbursement
educational assistance, including select programs fully paid
a robust wellness program with financial incentives
maternity and/or parental leave
up to 11 paid holidays each year
9 occasional absence days each year, unless otherwise required by law
between 15 to 25 vacation days each year, depending on career level; and years of service